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New Tax Bill Could Reduce Affordable Housing By Half, Advocates Say

As Congress moves through the process of potentially passing a major tax reform package, we’re still just starting to get a sense of what’s in the package now, what might be in the final plan and what the implications might be.Advocates for affordable housing in Maine are saying the package could be disastrous both for

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Parkside project set for Portland Planning Board hearing

PORTLAND — Avesta Housing’s plan to add 80 housing units in Parkside will face a Wednesday, Dec. 13, hearing before the Planning Board.Deering Place would consist of 27 apartments at 61 Deering St., plus 33 new apartments, renovations to 13 and turning existing commercial space into seven apartments in a building at 510 Cumberland Ave. The

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Avesta Housing report details severe shortage of affordable housing

Demand for affordable housing in southern Maine greatly exceeds the available supply, according to Avesta Housing’s affordable housing activity report for the first three quarters of 2017.Avesta Housing, a Portland-based nonprofit that has more than 80 properties and 2,400 apartments in its portfolio, reported that 2,077 households were on its waiting list for affordable housing

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Nonprofit Says It Has Seen A Big Spike In People Seeking Affordable Housing

A nonprofit organization that owns 2,200 affordable housing units in southern Maine and southern New Hampshire says it has seen a large increase in the number of people seeking those accommodations. Avesta Housing Development Officer Greg Payne says, through the first three quarters of this year, nearly 3,000 households have contacted the organization looking for

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South Portland OKs tax subsidy for Avesta Housing project

SOUTH PORTLAND — An affordable housing plan for Redbank gained traction Monday night when city councilors approved placing the project in a tax increment financing district. By a unanimous vote and with little comment, the City Council agreed to set aside an acre of land extending from 586-600 Westbrook St. as a TIF district under

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Avesta Housing awards two $1,000 scholarships

Avesta Housing, the Portland-based nonprofit provider of affordable housing, recently announced two winners of its first-ever educational scholarship. Dina Malual and Pamela Muzika each received $1,000 towards their tuition expenses at Emmanuel College in Boston and Babson College, in Wellesley, Mass., respectively. Avesta said that the two were selected out of numerous applicants because of

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